The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
Peter DruckerRead
The basic economic resource - the means of production -_x000D_ _x000D_ is no longer capital, nor natural resources, nor labor._x000D_ _x000D_ It is and will be knowledge.
Interpretation
What this quote means
Knowledge is the most crucial resource for economic success.
In this quote, Peter Drucker emphasizes the fundamental shift in the economy where knowledge has become the cornerstone of production and progress, surpassing traditional resources like capital, labor, and natural elements. The quote suggests that in a knowledge-driven world, the capacity to innovate, understand, and leverage information is key to achieving economic growth and success.
Themes
KnowledgeEconomyProductionResourcesInnovation
In practice
Example use cases
In a speech about the future of work, this quote can highlight the importance of continuous learning.
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We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.
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Unless commitment is made, there are only promises and hopes... but no plans.
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The strength of the computer lies in its being a logic machine. It does precisely what it is programed to do. This makes it fast and precise. It also makes it a total moron; for logic is essentially stupid.
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Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
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We must always meet our obligation to those who fall behind without our assistance. But let's remember, without a race there can be no champion, no records broken, no excellence - in education or any other walk of life.
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